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CALC

CalciMedica, Inc.
CALC stock: dilution, delisting risk, reverse split — what the SEC filings say, updated every weekday morning.
Nasdaq · Pharmaceutical Preparations · EDGAR filings (CIK 1534133) · 8 signals · 1 setups · updated Sep 22, 2026

What the filings say Pressure ▼

Listing is at risk and the usual cures are constrained. Next thing to watch: a reverse-split proxy, a hearings-panel 8-K, or a Form 25.

Radar 88 (high attention) · dilution pressure elevated · listing risk high · governance risk low · runway 23.2 mo · strongest signal: MVLS deficiency (Sep 2, 2026)

What would confirm: Nasdaq 'Pending Suspension' listing, Form 25, hearings-panel denial 8-K, or a reverse-split proxy.
What would prove it wrong: 8-K announcing regained compliance; equity raise that restores stockholders' equity; MVLS back above threshold for 10+ days.

Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.

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88Radar · attention score (0–100)
40Dilution pressure · financing + balance sheet
86Listing risk · exchange standards
0Governance risk · reporting, auditor, going concern

Setups

Independent filings stitched into a thesis, each with what would confirm and what would prove it wrong.

Listing cliff Pressure ▼ strength 1.00

Listing is at risk and the usual cures are constrained. Next thing to watch: a reverse-split proxy, a hearings-panel 8-K, or a Form 25. Exchange deficiency plus a structural reason cure is hard (sub-$5M float, negative equity, no cash, or a reverse split already used). Under Nasdaq's 2026 rules (one reverse split per 12 months; $5M MVLS floor with no cure period from Sept 2026) the usual escape hatches are narrower.

Would confirm: Nasdaq 'Pending Suspension' listing, Form 25, hearings-panel denial 8-K, or a reverse-split proxy.
Would invalidate: 8-K announcing regained compliance; equity raise that restores stockholders' equity; MVLS back above threshold for 10+ days.
Equity deficiencyMinimum bid deficiencyMVLS deficiencyReverse split

Analyst note

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Balance sheet (XBRL)

$18.6Mcash + short-term investments as of Jun 30, 2026
23.2 moestimated runway (annualized 180-day YTD operating cash flow [companyfacts])
$5.5Mstockholders' equity as of Jun 30, 2026
$15.7Mpublic float (10-K cover)
34.1Mshares outstanding as of Aug 5, 2026 · was 15.8M May 7, 2026

Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 84 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.

Signal timeline

Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.

DateSignalEvidenceScore
Sep 16, 2026▼ Minimum bid deficiency “min bid” language in 8-K (8-K) filed 2026-09-16 filing 39
Sep 2, 2026▼ MVLS deficiency “mvls deficiency” language in 8-K (8-K) filed 2026-09-02 filing 51
Sep 2, 2026▼ Equity deficiency “stockholders equity deficiency” language in 8-K (8-K) filed 2026-09-02 filing 42
Sep 2, 2026▼ Minimum bid deficiency “min bid” language in 8-K (8-K) filed 2026-09-02 filing 39
Sep 2, 2026▼ Reverse split “reverse split” language in 8-K (8-K) filed 2026-09-02 filing 35
Aug 27, 2026▼ Reverse split “reverse split” language in 8-K (8-K) filed 2026-08-27 filing 40
Aug 24, 2026· 13D amendment Schedule 13D/A filed 2026-08-24 filing 24
Jun 30, 2026▼ Share count +25% Shares outstanding 15,798,031 (2026-05-07) -> 34,141,460 (2026-08-05), +116% filing 40

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